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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 334 · 40 questions
TalentJR

Business tip (Cost plus a fair markup): Markup (profit on one) = cost × percent ÷ 100. Selling price = cost + markup. Markup percent = (selling price − cost) × 100 ÷ cost. Check the price against what buyers will pay.

NameDateTime takenScore ___ / 40
  1. 1.One paper bookmark costs ₹40 to make and Dev sells it for ₹44. What is the markup in percent?
  2. 2.One potted plant costs ₹40 to make and Aarav sells it for ₹44. What is the markup in percent?
  3. 3.One painted pebble costs ₹50 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.One bag of popcorn costs ₹35 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.One clay diya costs ₹56 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One fruit cup costs ₹30 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  7. 7.One cup of lemonade costs ₹30 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One glass of chai costs ₹20 to make and Vihaan sells it for ₹24. What is the markup in percent?
  9. 9.One cupcake costs ₹16 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One cup of lemonade costs ₹19 to make and Aarav sells it for ₹38. What is the markup in percent?
  11. 11.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 20 rupees (d) 10 rupees
  12. 12.One bag of popcorn costs ₹20 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.One friendship band costs ₹23 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  14. 14.One handmade card costs ₹55 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One cupcake costs ₹52 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  16. 16.One paper bookmark costs ₹10 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One fruit cup costs ₹50 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One potted plant costs ₹60 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One jute bag costs ₹10 to make and Joseph sells it for ₹11. What is the markup in percent?
  20. 20.📉 A price below the cost leads to… (a) a profit (b) break-even (c) free stock (d) a loss
  21. 21.One cupcake costs ₹60 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One fruit cup costs ₹40 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One paper bookmark costs ₹50 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One fruit cup costs ₹20 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One potted plant costs ₹19 to make and Aarav sells it for ₹38. What is the markup in percent?
  26. 26.One cup of lemonade costs ₹40 to make and Riya sells it for ₹44. What is the markup in percent?
  27. 27.One glass of chai costs ₹32 to make and Ananya sells it for ₹40. What is the markup in percent?
  28. 28.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) your favourite number (d) nothing else
  29. 29.🏷️ Cost-plus pricing means… (a) cost + a markup (b) copy a rival (c) guess any price (d) cost − a markup
  30. 30.One handmade card costs ₹48 to make and Lakshmi sells it for ₹96. What is the markup in percent?
  31. 31.One friendship band costs ₹15 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One handmade card costs ₹38 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One cupcake costs ₹20 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One bag of popcorn costs ₹12 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One paper bookmark costs ₹10 to make and Aarav sells it for ₹11. What is the markup in percent?
  36. 36.One handmade card costs ₹60 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One handmade card costs ₹10 to make and Tara sells it for ₹15. What is the markup in percent?
  38. 38.One painted pebble costs ₹21 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One bag of popcorn costs ₹30 to make and Ananya sells it for ₹45. What is the markup in percent?
  40. 40.One cup of lemonade costs ₹60 to make and Kabir sells it for ₹66. What is the markup in percent?

Answer key

  1. 10
  2. 10
  3. 10
  4. 7
  5. 84
  6. 33
  7. 36
  8. 20
  9. 32
  10. 100
  11. 10 rupees
  12. 5
  13. 23
  14. 11
  15. 13
  16. 2
  17. 55
  18. 66
  19. 10
  20. a loss
  21. 60
  22. 20
  23. 5
  24. 2
  25. 100
  26. 10
  27. 25
  28. what buyers will pay
  29. cost + a markup
  30. 100
  31. 3
  32. 19
  33. 4
  34. 12
  35. 10
  36. 6
  37. 50
  38. 42
  39. 50
  40. 10

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